Snapchat now rivals Facebook and YouTube as the world’s most viewed app daily.
According to the CEO of the photo and video app Evan Spiegel, the company now has over 8-billion views daily.
Spiegel, who disclosed this information to an audience at the Morgan Stanley technology conference on Monday, said “Snapchat’s app has more than 100 million daily users who spend an average of 25 to 30 minutes on the app each day”.
In addition, he said that the number of videos viewed on Snapchat is five times as larger than at this time a year ago.
Facebook recently announced it has over 1.04 billion daily active users, compared to Snapchat.
This means that Snapchat’s average users are watching many more videos than Mark Zuckerberg’s Facebook.
According the Spiegel, Snapchat worth’s about $16 billion in value.
Recent statistics indicates that 41% of Snapchat daily users are 18 to 34-year olds.